56 TER, WP, FL 33023

Parcel: 514124AB0110 · 48 · Zoning:

Assessed Value (2026)
$279,620

Property Details

Year Built
2006
Lot Sqft
1,566

Sales History

1
$407,800
2011-01-27
2
$800,000+96%
2022-05-05

Tax Assessment History

$279,620
Assessed (2026)
$279,620
Market Value
$279,620
Taxable Value
$5,693
Annual Tax
2025
$586,901
$0
2026
$279,620
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2026 $279,620 $279,620 $279,620 $5,693
2025 $586,901 $ $266,090 $5,417

About 56 TER, WP, FL 33023

56 TER, WP, FL 33023 is a property built in 2006 on a 1,566 square foot lot. The property is currently owned by M & E 3 ENTERPRISES LLC, recorded as of 2026-03-30. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2022-05-05 for $800,000. The property has appreciated $392,200 (96%) since the prior sale of $407,800 on 2011-01-27. The 2026 assessed value is $279,620 with a market value of $279,620.

This breaks down to $27,960 for the land and $251,660 for the building. The assessed value decreased 52% from $586,901 in 2025. There are active mortgage liens totaling $1,628,672 recorded against this property.

56 TER, WP, FL 33023 is located in WP, Florida. Property records, tax assessments, sales history, and ownership information for this WP property are sourced from broward County public records. The complete ownership history of this property spans from 2011 to 2022, with 2 recorded transactions in the public record.

The current assessed value represents 35% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase..

Current Owner

M & E 3 ENTERPRISES LLC
3750 N STATE ROAD 7, LAUDERDALE LAKES, FL, 33319
Since: 2026-03-30
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Est. Annual Insurance

$1,993 — $3,800
Flood $400 — $800
Property/Wind $1,593 — $3,000

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood 33023

65.4%
Owner-Occ
34.6%
Investor
459
Flips (4yr)
8,847
New Biz (3yr)
Distress Risk
ELEVATED
56
View full risk analysis →

Mortgages

ACTIVE
$1,940,000
~$1,628,672 bal.
LIVE OAK BANKING COMPANY · 2022-05-10
Est. Total Balance $1,628,672
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.